NOT LISTED FOR SALE
7 Beds
4 Baths
3,102 Sq Ft
5,602 Sq Ft Lot

Sale Details

Date Sold: March 8, 2022

Last sale price $1,365,000 $440 Per Sq Ft

8 Days on Market

About This Home

As of March 2022

Fantastic opportunity to purchase a well maintained four unit investment property in Monterey. Located on a corner lot with ample parking. All four units are occupied. This two-story building has a nice mix of units including one, 3 bedroom, 1 bath; two, 2 bedroom, 1 bath; and a studio apartment. Shared indoor laundry and a fenced yard. Great location near shopping, parks & the beach.

Last Agent to Sell the Property

Kori Lukasko

Compass License #01217776 Listed on: 01/10/2022

Compass

Co-Listed By

Jamie Roth

Compass License #01911042

Last Buyer's Agent

Marielena Carriglio

Coast Realty and Property Management License #01745757

Property Details

Home Type

  • Multi-Family

Year Built

  • 1956

Lot Details

  • 5,602

Home Design

  • Quadruplex
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 3,102 Sq Ft Home
  • 2-Story Property

Parking

  • 7 Parking Spaces
  • 2 Carport Spaces
  • Uncovered Parking

Additional Features

  • 5,602 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $93,120

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $800
  • Insurance Expense $1,164
  • Maintenance Expense $600
  • Operating Expense $10,007
  • Gross Income $93,120

Property Details

Home Type

Multi-Family

Year Built

1956

Lot Details

5,602 Sq Ft Lot

Listing Details

  • Zoning: Title 20/21
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3102
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1956

Interior Features

  • Living Sq Ft: 3102
  • Stories: 2
  • Security: Varies By Unit

Exterior Features

  • Foundation: Raised
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 7
  • Garage Parking Features: Carport, Uncovered Parking
  • Carport Min: 2

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1286
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5600.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.72
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1164
  • Expense Landscape: 800
  • Expense Maintenance: 600
  • Expenses Total: 10007
  • Income Annual Gross: 93120.00
  • Income Annual Rental: 93120
  • Income Gross Scheduled: 93120
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/08/2022 03/08/22 Sold $1,365,000 -17.3% $440 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $1,650,000 -- $532 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,679 $1,448,548 $636,724 $811,824
2024 $15,679 $1,420,146 $624,240 $795,906
2023 $15,239 $1,392,300 $612,000 $780,300
2022 $7,552 $1,365,000 $600,000 $765,000
2021 $7,444 $663,728 $311,136 $352,592
2020 $7,166 $656,923 $307,946 $348,977
2019 $7,433 $644,043 $301,908 $342,135
2018 $7,139 $631,416 $295,989 $335,427
2017 $6,617 $619,036 $290,186 $328,850
2016 $6,499 $606,899 $284,497 $322,402
2015 $6,406 $597,784 $280,224 $317,560
2014 $7,448 $586,075 $274,735 $311,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81873999

MLSListings

APN: 013-152-004

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